Atomi Financial Group Inc. Raises Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Atomi Financial Group Inc. grew its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 157.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,178 shares of the semiconductor company’s stock after purchasing an additional 1,943 shares during the period. Atomi Financial Group Inc.’s holdings in Texas Instruments were worth $618,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. White Pine Capital LLC increased its stake in Texas Instruments by 4.0% in the fourth quarter. White Pine Capital LLC now owns 1,938 shares of the semiconductor company’s stock valued at $330,000 after purchasing an additional 74 shares during the last quarter. Principle Wealth Partners LLC boosted its holdings in shares of Texas Instruments by 2.3% in the fourth quarter. Principle Wealth Partners LLC now owns 28,335 shares of the semiconductor company’s stock valued at $4,830,000 after acquiring an additional 630 shares during the period. Intellectus Partners LLC boosted its holdings in shares of Texas Instruments by 5.1% in the fourth quarter. Intellectus Partners LLC now owns 4,496 shares of the semiconductor company’s stock valued at $766,000 after acquiring an additional 218 shares during the period. Gitterman Wealth Management LLC acquired a new stake in shares of Texas Instruments in the fourth quarter valued at approximately $226,000. Finally, Silver Oak Securities Incorporated acquired a new stake in shares of Texas Instruments in the fourth quarter valued at approximately $222,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Texas Instruments Stock Down 0.3 %

Texas Instruments stock traded down $0.69 during midday trading on Wednesday, hitting $210.00. 282,677 shares of the company were exchanged, compared to its average volume of 5,512,585. The company’s fifty day moving average price is $198.25 and its 200-day moving average price is $184.81. The company has a market cap of $191.74 billion, a PE ratio of 32.87, a price-to-earnings-growth ratio of 4.43 and a beta of 0.99. The company has a debt-to-equity ratio of 0.75, a current ratio of 4.62 and a quick ratio of 3.49. Texas Instruments Incorporated has a fifty-two week low of $139.48 and a fifty-two week high of $211.27.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 EPS for the quarter, topping the consensus estimate of $1.16 by $0.06. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The firm had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.82 billion. During the same period in the previous year, the company posted $1.87 EPS. Texas Instruments’s revenue for the quarter was down 15.6% on a year-over-year basis. On average, research analysts predict that Texas Instruments Incorporated will post 5.11 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Wednesday, July 31st were issued a dividend of $1.30 per share. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $5.20 annualized dividend and a yield of 2.48%. Texas Instruments’s dividend payout ratio is presently 81.12%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Stifel Nicolaus increased their price target on Texas Instruments from $172.00 to $200.00 and gave the stock a “hold” rating in a report on Thursday, July 18th. Jefferies Financial Group increased their price target on Texas Instruments from $175.00 to $185.00 and gave the stock a “hold” rating in a report on Wednesday, July 24th. Benchmark reissued a “buy” rating and issued a $230.00 target price on shares of Texas Instruments in a report on Wednesday, July 24th. Truist Financial reduced their target price on Texas Instruments from $203.00 to $198.00 and set a “hold” rating for the company in a report on Wednesday, August 21st. Finally, Evercore ISI raised their target price on Texas Instruments from $255.00 to $268.00 and gave the company an “outperform” rating in a report on Tuesday, August 20th. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $201.95.

Insiders Place Their Bets

In other news, CAO Julie C. Knecht sold 7,764 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $209.49, for a total value of $1,626,480.36. Following the completion of the sale, the chief accounting officer now directly owns 11,806 shares in the company, valued at approximately $2,473,238.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CAO Julie C. Knecht sold 7,764 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $209.49, for a total transaction of $1,626,480.36. Following the completion of the transaction, the chief accounting officer now directly owns 11,806 shares in the company, valued at approximately $2,473,238.94. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Shanon J. Leonard sold 2,816 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $208.91, for a total value of $588,290.56. Following the transaction, the vice president now owns 24,112 shares of the company’s stock, valued at $5,037,237.92. The disclosure for this sale can be found here. 0.68% of the stock is owned by company insiders.

Texas Instruments Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.